Which of the Following Is True About the Combination of Plasma

question 141

Multiple Choice

Which of the following is true about the combination of plasma televisions and MP3 players represented by point F in Figure 1.4?

• A)Point F is inefficient now.
• B)Point F is unattainable even with advances in technology.
• C)Point F will be more easily attainable if the government takes control of all privately run factories.
• D)Point F can possibly be reached if more economic resources become available or technology improves.This point is not possible with the current endowment of resources and technology.

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Definitions:

Small Denomination Time Deposits

Fixed-term deposit accounts offered by banks that have a lower minimum deposit requirement and are usually associated with lower interest rates.

Large Denomination Time Deposits

Savings accounts or certificates of deposit in large amounts, usually over $100,000, that earn interest over a fixed period of time.

M2

An assessment of the total amount of money in circulation, encompassing physical currency, deposits in checking accounts, and liquid assets like savings accounts and money market instruments.

M3

A gauge of monetary supply encompassing M2 as well as sizable time deposits, institutional money market funds, and additional significant liquid assets.